SmartSky Raises Additional Capital as Aviation Broadband Wi-Fi Service Launch Nears

SmartSky Networks announced that it has closed on more than $32 million in additional equity and debt funding as it prepares for the launch of its next-generation aviation Wi-Fi connectivity service later this year.

“In a display of confidence in the future of SmartSky’s groundbreaking technology and services, we received new funds from our institutional investors,” said SmartSky CEO David Helfgott.  

SmartSky’s office-grade inflight Wi-Fi service for business and commercial aviation uses the pioneering company’s uniquely scalable, single-beam-per-aircraft approach, which is backed by a substantial patent portfolio and years of flight testing. Building on this transformative capability, the company is enabling advanced new applications through Skytelligence, its digital innovation platform, to improve safety and efficiency while providing the industry with new ancillary revenue sources.